NOT LISTED FOR SALE

Estimated Value: $784,000 - $836,000

5 Beds
2 Baths
2,091 Sq Ft
$388/Sq Ft Est. Value

Last Sold April 04, 2023

Last sale price $710,000 $340 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,175/month

124 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Park
  • Property is near public transit
  • Corner Lot
  • 4-minute walk to Salem Common

About This Home

As of April 2023

Open Sunday 11:30 AM - 1 PM Jan 29. Perfect location right off the Historic Salem Commons, Close to downtown Salem with all its restaurants , museums, the waterfront, Salem Ferry and the commuter rail station to Boston and Rockport. This stately well kept Victorian style home offers plenty of parking, Beacon Hill style yard and a bonus garage. Two bedrooms in the 1st floor unit and 3 bedrooms in the townhouse style 2nd unit.

Last Listed By

Phil O'Donnell

Aluxety Listed on: 10/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,065

Year Built

  • Built in 1870

Lot Details

  • 3,250 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,091 Sq Ft Home
  • Property has 1 Level
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Choice Elementary School
  • Collins Middle School
  • SHS High School

Utilities

  • 1 Heating Zone
  • 200+ Amp Service
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,450
  • Rent includes unit 1(heat electric hot water), unit 2(heat electric hot water)
  • Assessor Parcel Number 2136202

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Medical Services
  • Net Operating Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,065

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1870
  • Buyer Agency: 2.0
  • Dual Variable: Yes
  • Transaction Broker: 1.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Vinyl,Carpet
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry
  • Living Area: 2091
  • Stories Total: 3
  • MAIN LO: C95180
  • LIST PRICE PER Sq Ft: 349.07
  • PRICE PER Sq Ft: 339.55
  • MAIN SO: AN4305

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers, 200+ Amp Service
  • Water Source: Public
  • SEWAGE DISTRICT: Essex
  • HEAT UNITS: 1
  • HEAT ZONES: 1
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Hot Water), Unit 2(Heat,Electric,Hot Water)

Lot Info

  • Parcel Number: 2136202
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3250
  • Lot Size Units: Acres
  • PAGE: 147187
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7065
  • Tax Book Number: 27324

Multi Family

  • Gross Income: 41400
  • Net Operating Income: 41400
  • Number Of Units Total: 2
  • Total Actual Rent: 3450
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

MLS Schools

  • High School: Shs
  • Elementary School: Choice
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2007
Sold by
Foley Patrick D
Bought by
Foley Danielle
Total Days on Market
124
Current Estimated Value
$810,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.49%

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Foley Danielle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenkins Michael C $737,670
Closed Jenkins Michael $730,945
Closed Foley Patrick $170,000
Closed Foley Patrick $172,000
Closed Foley Patrick $142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Sold $710,000 -2.7% $340 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $729,900 0.0% $349 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $729,900 0.0% $349 / Sq Ft
01/07/2023 01/07/23 Pending -- -- --
12/13/2022 12/13/22 Price Changed $729,900 -2.6% $349 / Sq Ft
11/09/2022 11/09/22 For Sale $749,000 +5.5% $358 / Sq Ft
10/19/2022 10/19/22 Off Market $710,000 -- --
10/19/2022 10/19/22 For Sale $749,000 -- $358 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,909 $697,400 $196,200 $501,200
2024 $7,235 $622,600 $186,500 $436,100
2023 $7,102 $567,700 $172,100 $395,600
2022 $7,065 $533,200 $166,400 $366,800
2021 $6,715 $486,600 $154,900 $331,700
2020 $6,427 $444,800 $146,300 $298,500
2019 $6,369 $421,800 $138,800 $283,000
2018 $5,909 $384,200 $132,000 $252,200
2017 $5,449 $343,600 $86,100 $257,500
2016 $5,312 $339,000 $81,500 $257,500
2015 $4,985 $303,800 $73,400 $230,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73049736

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000059